CIBC Bonus Rate GIC

Limited time offer: Earn up to $10,000^† when you transfer in investments of $10,000 or more. Learn more about the Transfer-In Bonus offer.

Why choose a CIBC Bonus Rate GIC?

This GIC is right for you if you want predictable earnings and don't need access to your money before the end of the term.

Competitive rates

Earn more money with compound interest the longer you invest.

Guaranteed returns

Know exactly how much interest you'll earn with a fixed rate.

Multiple options

Choose from a variety of terms and account types to meet your savings goals.

Find a GIC account that's right for you

The CIBC Bonus Rate GIC is available in non-registered and registered accounts. If you're saving for a long-term goal, such as retirement, consider a registered account for the tax benefits.

New to GICs? Check out our glossary opens in a new window.

Non-registered

Non-registered accounts are a flexible way to grow and manage your savings.

RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% ^{†, 3, 5}

1-year CIBC Bonus Rate GIC
Posted rate: RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%

RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% ^{†, 3, 5}

2-year CIBC Bonus Rate GIC
Posted rate: RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%

RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% ^{†, 3, 5}

5-year CIBC Bonus Rate GIC
Posted rate: RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%

Our most popular terms

Minimum investment of $1,000²

Term	Rate^{†, 3}
1 year	RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
18 months	RDS%rate[4].BBLT.Published(18_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(18_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
2 year	RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
3 year	RDS%rate[4].BBLT.Published(36_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(36_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
4 year	RDS%rate[4].BBLT.Published(48_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(48_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
5 year	RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%

For other terms and posted rates, go to GIC rates.

Invest now

What you need to know

Type

Non-redeemable

Access

Only at maturity

Interest

For terms of one year or more, you can choose simple interest, which is calculated and paid monthly, semi-annually or annually. Or you can choose compound interest, which is calculated annually and paid at maturity

Fees

No fees

Renewal

You can automatically renew your GIC when it matures⁹ or deposit your principal and interest into your bank account

RRSP (Registered Retirement Savings Plan)

You pay no taxes while your money is in your RRSP, so you can maximize your retirement savings.

RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% ^{†, 1, 6}

1-year CIBC Bonus Rate RRSP GIC
Posted rate: RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% ^{†, 1, 6}

2-year CIBC Bonus Rate RRSP GIC
Posted rate: RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% ^{†, 1, 6}

5-year CIBC Bonus Rate RRSP GIC
Posted rate: RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

Terms and rates

Minimum investment of $500

Term	Rate^{†, 1}
1 year	RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
2 year	RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
5 year	RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%

For other terms and posted rates, go to GIC rates.

Invest now

What you need to know

Type

Non-redeemable⁸

Access

Only at maturity

Interest

For terms of one year or less, simple interest is calculated and paid at maturity
For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

You'll pay a $100 fee if you transfer all or part of your RRSP funds to another financial institution

Renewal

We automatically renew your GIC at maturity⁹, unless you give us other instructions before the end of the term and we will repay you based on those instructions

TFSA (Tax-Free Savings Account)

TFSAs can help you grow your savings faster because you pay no taxes on the money you earn, as long as you follow the contribution rules. The 2023 TFSA dollar limit is $6,500.

RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% ^{†, 1, 7}

1-year CIBC Bonus Rate TFSA GIC
Posted rate: RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% ^{†, 1, 7}

2-year CIBC Bonus Rate TFSA GIC
Posted rate: RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% ^{†, 1, 7}

5-year CIBC Bonus Rate TFSA GIC
Posted rate: RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

Terms and rates

Minimum investment of $500

Term	Rate^{†, 1}
1 year	RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
2 year	RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
3 year	RDS%rate[4].BBGICTF.Published(3_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(3_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
4 year	RDS%rate[4].BBGICTF.Published(4_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(4_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
5 year	RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%

For other terms and posted rates, go to GIC rates.

Invest now

What you need to know

Type

Non-redeemable⁸

Access

You can't withdraw your money before maturity, unless you transfer your funds to a TFSA at another financial institution or withdraw an excess contribution

Interest

For terms of one year or less, simple interest is calculated and paid at maturity
For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

If you transfer your TFSA funds to another financial institution before maturity, you don't get interest and you'll pay a $100 fee

Renewal

We automatically renew your GIC at maturity⁹, unless you give us other instructions before the end of the term and we will repay you based on those instructions

Find out more about TFSAs and their contribution rules.

RRIF (Registered Retirement Income Fund)

After you transfer qualified retirement savings into a RRIF, you only pay taxes on the money you withdraw from the fund.

Terms and rates

Minimum investment of $500

To open a CIBC RRIF account, you need a minimum balance of $5,000

Term	Rate^{†, 1}
1 year	RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
2 year	RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
5 year	RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%

For other terms and posted rates, go to GIC rates.

Meet with us You can also call us at 1-800-465-3863 or visit a CIBC Banking Centre.

What you need to know⁴

Type

Non-redeemable⁸

Access

You can't withdraw your money before maturity if you want to change investment options or reinvest at other terms and rates
You can cash out some or all of your GIC with no interest penalty for scheduled or lump sum payments, proceeds on death or unlocking a locked-in RRIF
If you transfer your RRIF funds to another financial institution, no interest will be paid on the redeemed GIC amount
You can get your RRIF payments monthly, quarterly, semi-annually or annually (you have to withdraw a minimum amount each year)

Interest

For terms of one year or less, simple interest is calculated and paid at maturity
For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

You'll pay a $100 fee if you transfer all or part of your RRIF funds to another financial institution

Renewal

We automatically renew your GIC at maturity⁹, unless you give us other instructions before the end of the term and we will repay you based on those instructions

LIF (Life Income Fund)

LIFs hold funds from a pension plan, letting you defer taxes until you withdraw money.

Terms and rates

Minimum investment of $500

To open a CIBC LIF account, you need a minimum balance of $5,000

Term	Rate^{†, 1}
1 year	RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
2 year	RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
5 year	RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%

For other terms and posted rates, go to GIC rates.

Meet with us You can also call us at 1-800-465-3863 or visit a CIBC Banking Centre.

What you need to know⁴

Type

Non-redeemable⁸

Access

You can't withdraw your money before maturity if you want to change investment options or reinvest at other terms and rates
You can cash out some or all of your GIC with no interest penalty for scheduled or lump sum payments, proceeds on death or unlocking a LIF
If you transfer your LIF funds to another financial institution, no interest will be paid on the redeemed GIC amount
You can get your LIF payments monthly, quarterly, semi-annually or annually (you have to withdraw a minimum amount each year)

Interest

For terms of one year or less, simple interest is calculated and paid at maturity
For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

You'll pay a $100 fee if you transfer all or part of your LIF funds to another financial institution

Renewal

We automatically renew your GIC at maturity⁹, unless you give us other instructions before the end of the term and we will repay you based on those instructions

Non-registered – Short Term

Non-registered accounts are a flexible way to grow and manage your savings.

Our most popular terms

Minimum investment of $1,000²

Term	Rate^{†, 3}
30 days	RDS%rate[4].BBST.Published(30_null_null_Days_T,5000.0_-_999999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(30_null_null_Days_T,5000.0_-_999999.99_CAD_Balance,17,1)(#O2#)%
90 days	RDS%rate[4].BBST.Published(90_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(90_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
180 days	RDS%rate[4].BBST.Published(180_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(180_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
270 days	RDS%rate[4].BBST.Published(270_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(270_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%

For posted rates, go to GIC rates.

Invest now

What you need to know

Type

Non-redeemable

Access

Only at maturity

Interest

For terms less than one year, simple interest is calculated and paid at maturity

Fees

No fees

Renewal

You can automatically renew your GIC when it matures⁹ or deposit your principal and interest into your bank account

Interested in other GIC rates?

Review all GIC rates

How to invest in a CIBC Bonus Rate GIC

What you need to get started

• Your Social Insurance Number

• You must be living in Canada

• A CIBC personal bank account to fund your GIC

Need an account? Apply for a bank account

• You must be registered for Online and Mobile Banking

Need to register? Register for Online and Mobile Banking

Fill out the application

Applying online only takes about 5 minutes. Want us to guide you through the application? Call us or visit a banking centre. If you're already a CIBC client, you'll spend less time applying.¹⁰

Review the details online

Keep tabs on your GIC using CIBC Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.

Prefer a different GIC? Explore your options

CIBC Non-Redeemable GIC | FHSA

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Learn how much you could earn

Explore our most popular products and discover a GIC that’s right for you. Our GIC calculator can help you select a product and show your expected returns.

Try our GIC calculator

CIBC Bonus Rate GIC

Get RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%^{†, 1, 3} on a 1-year CIBC Bonus Rate GIC

Posted rate: RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%]%

Why choose a CIBC Bonus Rate GIC?

Competitive rates

Guaranteed returns

Multiple options

Find a GIC account that's right for you

Non-registered

Our most popular terms

What you need to know

RRSP (Registered Retirement Savings Plan)

Terms and rates

What you need to know

TFSA (Tax-Free Savings Account)

Terms and rates

What you need to know

RRIF (Registered Retirement Income Fund)

Terms and rates

What you need to know⁴

LIF (Life Income Fund)

Terms and rates

What you need to know⁴

Non-registered – Short Term

Our most popular terms

What you need to know

How to invest in a CIBC Bonus Rate GIC

What you need to get started

Fill out the application

Review the details online

Prefer a different GIC? Explore your options

Get started

CIBC Bonus Rate GIC

Get RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%†, 1, 3 on a 1-year CIBC Bonus Rate GIC

Posted rate: RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%]%

Why choose a CIBC Bonus Rate GIC?

Competitive rates

Guaranteed returns

Multiple options

Find a GIC account that's right for you

Non-registered

Our most popular terms

What you need to know

RRSP (Registered Retirement Savings Plan)

Terms and rates

What you need to know

TFSA (Tax-Free Savings Account)

Terms and rates

What you need to know

RRIF (Registered Retirement Income Fund)

Terms and rates

What you need to know4

LIF (Life Income Fund)

Terms and rates

What you need to know4

Non-registered – Short Term

Our most popular terms

What you need to know

How to invest in a CIBC Bonus Rate GIC

What you need to get started

Fill out the application

Review the details online

Prefer a different GIC? Explore your options

Get started

Get RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%^{†, 1, 3} on a 1-year CIBC Bonus Rate GIC

What you need to know⁴

What you need to know⁴